cheesecake factory inc/the (CAKE) Details

The Cheesecake Factory Incorporated operates full-service and casual dining restaurants. The company also produces cheesecakes and other baked products for foodservice operators, retailers, and distributors. As of June 23, 2015, it operated 191 casual dining restaurants, including 179 restaurants under The Cheesecake Factory mark, 11 restaurants under the Grand Lux Cafe mark, and 1 restaurant under the RockSugar Pan Asian Kitchen mark in the United States and Puerto Rico, as well as operated 9 The Cheesecake Factory branded restaurants under licensing agreements internationally. The company was founded in 1972 and is based in Calabasas Hills, California.

cheesecake factory inc/the (CAKE) Key Developments

The Cheesecake Factory Incorporated to Open New Restaurants in Third Quarter and Full Year of 2015

Jul 22 15

The Cheesecake Factory Incorporated announced that it expects to open two restaurants in the third quarter, one in Austin, Texas, and the other in Memphis, Tennessee, a new market for the company. Internationally, the company still expects as many as 3 restaurants to open 2015 under licensing agreements. The first opening took place in Mexico City in March, and 2 restaurants are scheduled to open in the Middle East in the fourth quarter of 2015.

The Board of Directors of The Cheesecake Factory Incorporated declared a quarterly cash dividend of $0.20 per share on the company’s common stock, which equates to a 21% increase in the company’s quarterly dividend. The dividend is payable on August 18, 2015 to shareholders of record at the close of business on August 5, 2015.

The Cheesecake Factory Incorporated Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Capital Expenditure and Tax Rate Guidance for 2015

Jul 22 15

The Cheesecake Factory Incorporated reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, revenues were $529,107,000 as compared to $496,406,000 a year ago. Income from operations was $49,753,000 as compared to $42,691,000 a year ago. Income before income taxes was $48,321,000 as compared to $41,147,000 a year ago. Net income was $34,724,000 or $0.69 per diluted share as compared to $30,049,000 or $0.59 per diluted share a year ago. Non-GAAP net income was $34,724,000 or $0.69 per diluted share as compared to $30,355,000 or $0.59 per diluted share a year ago.
For the six months, revenues were $1,047,080,000 as compared to $977,837,000 a year ago. Income from operations was $90,807,000 as compared to $75,764,000 a year ago. Income before income taxes was $87,480,000 as compared to $72,829,000 a year ago. Net income was $63,147,000 or $1.25 per diluted share as compared to $52,567,000 or $1.01 per diluted share a year ago. Non-GAAP net income was $63,147,000 or $1.25 per diluted share as compared to $52,985,000 or $1.02 per diluted share a year ago.
The company announced total capital expenditures are expected to remain between $120 million and $130 million in 2015. As to the company's corporate tax rate, it still expected it to be in a range of between 27% and 28% for 2015.

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